Fitch rates Dominican Republic’s 2024 global bonds ‘B’
NEW YORK–(BUSINESS WIRE).- Fitch Ratings has assigned a ‘B’ rating to the Dominican Republic’s USD1 billion global bond issuance maturing in April 2024. The bonds have a coupon rate of 5.875%.
The receipts from this issuance will be used to cover budgetary requirements in 2013.
KEY RATING DRIVERS
The rating is in line with The Dominican Republic’s Long-term Foreign Currency Issuer Default Rating (IDR) of ‘B’, which has a Stable Outlook.
The rating would be sensitive to any changes in the Dominican Republic’s Long-term foreign currency IDR. Fitch affirmed Dominican Republic’s ratings at ‘B’ and revised the Outlooks to Stable from Positive on Dec. 11 2012.
Additional information is available at www.fitchratings.com.
Category: DR News |